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2012 Fiscal Year Final Research Report

Theoretical and Empirical Studies on the Japanese Economy after the "Lost Decade"

Research Project

  • PDF
Project/Area Number 20330035
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Economic theory
Research InstitutionThe University of Tokyo

Principal Investigator

FUKUDA Shin-ichi  東京大学, 経済学研究科, 教授 (00221531)

Project Period (FY) 2008 – 2012
Keywordsゾンビ企業 / 失われた10年 / 財政政策 / 金融政策 / 非上場企業
Research Abstract

This project investigated how zombie firms recovered in Japan while the deflation persisted. We explored how corporate restructuring was effective in reviving zombie firms in the 1990s and the 2000s. We also conducted theoretical and empirical studies on fiscal and monetary policy in Japan during the past two decades.

  • Research Products

    (15 results)

All 2013 2012 2011 2010 2009 2008

All Journal Article (8 results) (of which Peer Reviewed: 8 results) Presentation (5 results) Book (2 results)

  • [Journal Article] Market-specific and Currency-specific Risk during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London2012

    • Author(s)
      Shin-ichi Fukuda
    • Journal Title

      Journal of Banking and Finance

      Volume: Volume 36(12) Pages: 3185-3196

    • Peer Reviewed
  • [Journal Article] Infrequent Changes of the Policy Target: Robust Optimal Monetary Policy under Ambiguity2012

    • Author(s)
      Shin-ichi Fukuda
    • Journal Title

      Global Journal of Economics

      Volume: Vol.1(2) Pages: 1250010/1-1250010/27

    • Peer Reviewed
  • [Journal Article] The Rise of China and the Japanese Economy: Evidence from Macro and Firm-level Micro Data2012

    • Author(s)
      Shin-ichi Fukuda and Munehisa Kasuya
    • Journal Title

      China Economic Policy Review

      Volume: Volume:1(1) Pages: 1250007-1-27

    • Peer Reviewed
  • [Journal Article] Stock Price Targeting and Fiscal Deficit in Japan: Why Did the Fiscal Deficit Increase during Japan's Lost Decades?2011

    • Author(s)
      Shin-ichi Fukuda and Junji Yamada
    • Journal Title

      Journal of the Japanese and International Economies

      Volume: Volume 25(4) Pages: 447-464

    • Peer Reviewed
  • [Journal Article] Why Did "Zombie" Firms Recover in Japan?2011

    • Author(s)
      Shin-ichi Fukuda and Junichi Nakamura
    • Journal Title

      The World Economy

      Volume: Volume 34(7) Pages: 1124-1137

    • Peer Reviewed
  • [Journal Article] Impaired Bank Health and Default Risk2009

    • Author(s)
      Shin-ichi Fukuda, Munehisa Kasuya, and Kentaro Akashi
    • Journal Title

      Pacific-Basin Finance Journal

      Volume: Volume 17(2) Pages: 145-162

    • Peer Reviewed
  • [Journal Article] Knightian Uncertainty and Poverty Trap in a Model of Economic Growth2008

    • Author(s)
      Shin-ichi Fukuda
    • Journal Title

      Review of Economic Dynamics

      Volume: Volume 11(3) Pages: 652-663

    • Peer Reviewed
  • [Journal Article] Post-crisis Exchange Rate Regimes in ASEAN: A New Empirical Test Based on Intra-daily Data2008

    • Author(s)
      Shin-ichi Fukuda and Sanae Ohno
    • Journal Title

      Singapore Economic Review

      Volume: Volume 53(2) Pages: 191-213

    • Peer Reviewed
  • [Presentation] Strong Sterling Pound and Weak European Currencies in the Crises: Evidence from Covered Interest Parity of Secured Rates2012

    • Author(s)
      Shin-ichi Fukuda
    • Organizer
      2nd FEBS Conference to be held in London
    • Place of Presentation
      Financial Engineering and Banking Society
    • Year and Date
      20120607-08
  • [Presentation] Regional Liquidity Risk and Covered Interest Parity during the Global Financial Crisis: Evidence from Tokyo, London, and New York2011

    • Author(s)
      Shin-ichi Fukuda
    • Organizer
      24th Australasian Finance & Banking Conference
    • Place of Presentation
      Shangri-La Hotel in Sydney, Australia.
    • Year and Date
      20111214-16
  • [Presentation] 'Stock Price Targeting' and Fiscal Deficit in Japan: Why was Japan's Fiscal Deficit Accelerated in the Lost Decades?2011

    • Author(s)
      Shin-ichi Fukuda and Junji Yamada
    • Organizer
      The 7th APEA Conference held in Busan
    • Place of Presentation
      South Korea
    • Year and Date
      20110624-25
  • [Presentation] Market-Specific and Currency-Specific Risk during the Global Financial Crisis: Evidence from the Interbank Markets in Tokyo and London2010

    • Author(s)
      Shin-ichi Fukuda
    • Organizer
      21st NBER Annual East Asian Seminar on Economics
    • Place of Presentation
      held at Sydney, Australia
    • Year and Date
      20100625-26
  • [Presentation] Why Did "Zombie" Firms Recover in Japan?2009

    • Author(s)
      Shin-ichi Fukuda and Junichi Nakamura
    • Organizer
      The 5th APEA Conference held in Santa Cruz
    • Place of Presentation
      California, U. S. A.
    • Year and Date
      20090627-28
  • [Book] なぜ金融危機は起こるのか:金融経済研究のフロンティア2013

    • Author(s)
      櫻川昌哉・福田慎一編著
    • Total Pages
      263
    • Publisher
      東洋経済新報社
  • [Book] 金融論:市場と経済政策の有効性2013

    • Author(s)
      福田慎一
    • Total Pages
      315
    • Publisher
      有斐閣

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Published: 2014-08-29  

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